让民营企业敢投资有回报！国常会重磅部署

Group 1 - The core viewpoint of the article emphasizes the importance of private investment in stabilizing employment and the economy, with the government planning to implement practical measures to stimulate private investment and expand its scope [2] - The article highlights the decline in the number of new unicorn companies in China, with only 18 new unicorns in 2024, marking a 56.1% year-on-year decrease, the lowest in nearly a decade [3][4] - The private equity investment market in China is facing significant challenges, with a high number of fund management companies being deregistered, indicating a tough fundraising environment for private equity firms [4][5] Group 2 - The article discusses the emergence of new funding avenues for private equity firms, such as the issuance of technology innovation bonds, which can provide low-cost, long-term financing options [7] - It points out the potential risks associated with technology innovation bonds, including increased financial costs and repayment pressures for investment firms, which could contradict their operational models [8] - The need for long-term stable funding sources is emphasized, with calls for various long-term capital sources, such as social security and insurance funds, to invest in venture capital and private equity [9]